MATH, SCIENCE and FACTS are a big problem for Conservative
Except those in math, science, and engineering tend to be more conservative/Republican than those in other fields/majors.
The DOW was never flat for a year under Obama?
- Thread starter Jarod
- Start date
Except those in math, science, and engineering tend to be more conservative/Republican than those in other fields/majors.
At the same time Obama was claiming jobs were being created, record numbers on food stamps existed. That either means the unemployment rate wasn't really going down or the jobs for which the claim was made weren't shitty jobs only used to show a number and for which Obama to take credit.
By creating shitty jobs, Obama could claim he lowered unemployment then blame the owners for paying "poverty" wages.
I acknowledged I made a mistake, you are silly.
Is that an engineering class?
Yeah, a president tells banks what to do? Try that some time. The fact is that bankers were selling mortgage-backed securities. They were making billions and wanted to continue. So they pressured the approval companies to drop mortgage standards over and over. They chopped up the mortgages and sold them off immediately. So the banks had no vulnerability. They also leaned on the ratings agencies to rubber stamp mortage approvals. That is what led up to the crash. Then of course SWAPs came along, If you had listened to the congressional hearing after the crash, you would have seen the confessions. Of course you would have been offended because none of them were punished.
The economy has been on the same trajectory for Trump as Obama left him. The economy is big enough that Trump's lack of understanding of economics has not crippled it yet, but he is trying. His tariffs have sent the stockmarket up and down ,sometimes violently. He has hurt lots of businesses and farmers. It is adding up. He is jacking up the debt with no gain except pouring more money into the pockets of the wealthy.
cawacko
Well-known member
GDP in 2015 was 2.9%. GDP in 2016 was 1.6%. What trajectory would you call that?
Has there been a time when the stock market hasn’t gone up and down?
We are talking extremes in Trump case. And his actions and jawboning are causing it. The wealthy are not gamblers. They know they can invest in the market and make a steady solid predictable profit, Trump is fucking that up .here is the graph. https://www.statista.com/statistics/261690/monthly-performance-of-djia-index/ No that is not normal.
cawacko
Well-known member
Why doesn’t the Fed leave QE in place if their job is to make the stock market a steady solid predictable return?
Superfreak
Verified User
Now pull up a chart of 2010
We were arguing the Bush presidency you poor ignorant dumb fuck. This is why people cannot argue with morons like you, you can't even remember your last whiny, pathetic lie filled post. Moron.
OMG; he had ONE quarter of above 3% growth. STFU you sad, pathetic, lying, ignorant dumb fuck.
That wasn't a mistake you dishonest dunce; it was a deliberate attempt to promote a lie and you got caught again. Dunce.
Superfreak
Verified User
They did not pressure the mortgage companies. They, along with the mortgage companies, dropped standards voluntarily because it meant they could make more money. They did it because the repeal of Glass Steagall meant the elimination of firewalls between retail banking (the side that does mortgages) and the investment banking (the side that packages loans together). CMBS have been around for a long time. But the investment banks used to be very selective on what loans they would buy for the investment vehicles. So retail banks and mortgage companies had to be more careful on who they loaned money to, because if the investment banks didn't like a loan, then it would remain with the retail banks/mortgage companies.
You are 100% correct in the fact that the rating agencies failed us and that they were not punished in the least. But they were not leaned on either. They did it, because they get paid every time they issue a rating.
But instead of putting Glass Steagal back in place, the idiots in DC came up with the monstrosity that is Dodd/Frank. Which crushed small local and regional banks and let the big banks get bigger. It did nothing to replace the firewalls between retail and investment banking.
SWAPs/derivatives have been around for a long time. The vehicle wasn't the problem. It was the misuse of the vehicle that caused the problems.
A BMW sedan is going to run like a champ for a long time... unless you take it off roading, pretending it is a Jeep Wrangler. Then it is very likely to go to shit quickly. Same thing for Swaps/derivatives.
Superfreak
Verified User
Exactly. His entire thread was started on the premise. So he is either saying he is a complete idiot that started a thread on a topic he didn't understand (which is possible, because the fucking idiot does it all the time) or he was deliberately lying (which is also possible because the LIAR does that all the time as well). Then, when busted, he pretends it was a simple error on his part (because he is a fucking idiot that thinks everyone is as dumb as Desh, Cypress, Christie and himself).
Superfreak
Verified User
That said, Trump is causing uncertainty. He is handling business in the open and in a buffoonish way. Putting opponents in corners is not likely to lead to a successful outcome. Trade discussions should be behind closed doors, with final details coming out only when ready for Congressional approval.